ANSALAPINSEAnsal Properties & Infrastructure Limited· ConstructionHighNeutral
Announced Fri, 8 Aug · 15:00 IST

The Company informed the stock exchanges about the Minutes of 40th Meeting of the Committee of Creditors of Fernhill Project of Ansal Properties and Infrastructure Limited situated at District Gurgaon, Haryana, held on the 06th August, 2025.

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Ansal Properties & Infrastructure Limited (APIL) submitted the minutes of the 40th CoC meeting for its Fernhill Project (Gurgaon, Haryana), held on 6 August 2025 under the ongoing Corporate Insolvency Resolution Process (CIRP) initiated via NCLT order dated 16 November 2022 and confined to the Fernhill Project by NCLAT on 13 January 2023. The meeting, chaired by Resolution Professional Mr. Jalesh Kumar Grover, had 100% voting participation from homebuyers and the unsecured financial creditor, while all four suspended directors of APIL were absent. Key matters discussed included: status of 27 ongoing litigations (all adjourned to 8 September 2025), progress of the structural audit and retrofitting cost assessment (auditor paid Rs 1,62,000 on 3 July 2025, awaiting Engineer of Record response), and continued settlement talks with Samyak Projects Private Limited. A previously agreed Rs 37.5 crore settlement with Samyak did not materialize; the RP's revised calculation shows Samyak owes approximately Rs 6.05 crore to the project, while Samyak disputes this and claims 3.5 lakh sq ft of unsold area versus the actual ~86,000 sq ft. DTCP approval to start construction is pending, with officials indicating 2-3 months for clearance.

Likely market impact

This is a routine procedural disclosure with no new resolution milestone. For shareholders and homebuyers, the key takeaways are continued delays in construction commencement (pending DTCP approval) and an unresolved dispute with Samyak that could further delay project completion and unit handover timelines.